Luongo Talk: The Final Countdown...?
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01-07-2013, 10:58 AM
Join Date: Mar 2009
Originally Posted by
What buyout? If he's no longer a Canuck at that point, how can he be bought out?
I guess I am not fully understanding the full implications of the PA proposed CBR formula.
So if he retires after 2017-2018 (last year at 6.7), there would be 4 years left on the deal that would count against Vancouver's cap.
In my head, I believe he'd be owed $7 million over the last 4 years of the deal. Vancouver in a sense 'owns his contract' so they could buy it out for 2/3's of $7 million ($4.7m) and spread that over 4 years ($1.1725 cap hit for those 4 years, since they took away the buyout period being spread out over twice the amount of years).
Does that make sense?
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